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I know a handful of people in their 60s... The ones who made a point to buy instead of renting their entire lives are laughing all the way to the bank. The on

I know a handful of people in their 60s... The ones who made a point to buy instead of renting their entire lives are laughing all the way to the bank. The ones who are still renting are still working nearly full time and will probably be doing so until the day that they die. Buying and committing to a mortgage forces you to save money for your future, plain and simple.

phamilton 9y ago
> I know a handful of people in their 60s... To be fair, I know a ton of people in their 20s who took advice from people in their 60s and now have mounds of student debt and no career. I'm not saying buying a home won't work out well. I'm just saying that the baby boomers seem to have had a unique path towards financial stability that doesn't appear to be sustainable for the generations that followed.
refurb 9y ago
You're ignoring the folks where that doesn't work out. I had plenty of friends who lost $100K down payments during the housing crisis and are now starting all over again. The ones who rented had zero issues.